Cipher Digital (CIFR) Asset Utilization Ratio (2023 - 2026)
Cipher Digital's Asset Utilization Ratio came in at 0.03 for Q2 2026, down 83.3% from 0.16 a year earlier and down 30.0% from the prior quarter.
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Analysis
Cipher Digital (CIFR) Asset Utilization Ratio (2023 - 2026) Analysis & Trends
For FY2025, Cipher Digital's Asset Utilization Ratio was 0.09, down 59.1% from FY2024.
- Going back by year, Asset Utilization Ratio was 0.21 in FY2024 (-17.4%), 0.26 in FY2023 and 0.01 in FY2022.
- The Q2 2026 figure represents the lowest quarterly Asset Utilization Ratio in data going back to Q4 2023.
- Year-over-year, Asset Utilization Ratio has declined for seven consecutive quarters, with an average decline of 50.7% over the last seven quarters.
- Business Quant data shows CIFR's Asset Utilization Ratio at 0.04 (Q1 2026), 0.06 (Q4 2025) and 0.11 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,958.25 Bn | 3,881.40 Bn | 60.48 Bn | 0.46 |
| 2 | International Business Machines | 238.12 Bn | 188.94 Bn | 9.91 Bn | 0.45 |
| 3 | Cloudflare | 117.97 Bn | 101.50 Bn | 499.52 Mn | 0.40 |
| 4 | Equinix | 95.45 Bn | 84.02 Bn | 1.40 Bn | 0.24 |
| 5 | Nebius | 37.16 Bn | 10.59 Bn | 448.70 Mn | 0.05 |
| 6 | CoreWeave | 30.42 Bn | 17.51 Bn | 1.70 Bn | 0.11 |
| 7 | Verisign | 27.81 Bn | 25.16 Bn | 393.20 Mn | 1.12 |
| 8 | Nutanix | 19.56 Bn | 11.25 Bn | 651.35 Mn | 0.67 |
| 9 | GoDaddy | 14.36 Bn | 9.94 Bn | 828.20 Mn | 0.63 |
| 10 | Cipher Digital | 3.15 Bn | -236.63 Mn | 9.79 Mn | 0.03 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.03 |
| Mar 31, 2026 | 0.04 |
| Dec 31, 2025 | 0.06 |
| Sep 30, 2025 | 0.11 |
| Jun 30, 2025 | 0.16 |
| Mar 31, 2025 | 0.17 |
| Dec 31, 2024 | 0.19 |
| Sep 30, 2024 | 0.20 |
| Jun 30, 2024 | 0.22 |
| Mar 31, 2024 | 0.25 |
| Dec 31, 2023 | 0.26 |
API Access
Cipher Digital Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=CIFR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "CIFR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=CIFR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();